The power of HODLing BTC - page 2. | Bitcointalksearch.org

Baki202

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Quote from: Haunebu on September 22, 2024, 08:52:00 AM

HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.

Holding is still very far from my agenda because of funds me personally I feel when I have more money I will be able to invest comfortably I know the DCA makes it more easy and interesting to invest, because their is less stress when you hold compare to when you trade, the emotional pressure that trading comes with is more than that of holding. Holding is like one of the easiest, buy at a low price and sell high very easy and even someone with basic knowledge can do this, and checking the price always will only break your heart when ever the price is down.

Forgetting and remembering will just be one perfect moment when you are selling high, just that does that have invested now won't forget they will make sure they are keeping tabs on the rice, just because they will want to sell any time they want some of them don't even want to wait till they make profits any longer, we just have all kinds of investors now with all kinds of personalities, but they will eventually learn well they sell early and they'll price goes up later, for now still trading.

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Quote from: rhodelmabanal on September 24, 2024, 01:35:50 AM

I think all of us knows about the power of holding btc, if we look at the past price of btc we can wonder how big the profit of the investor's who buy BTC on it was first traded on the market until now, it cannot be explained if we can all know that bitcoin will reach this far then we hold and we are now millionaires.

Personally, I believe in holding because good things unfold ahead for those who can hold long term. I have always seen it and so have you. There are times when the price of BTC was so small that it is now cringe-worthy. If I could have bought and held some amount of BTC at that time, where would the position be at this time?

It is understood that holding things is a good process that will bring us something good. I'm always with holdings who will hold long term if they know how to grab something good and it will pay good amount of profit later on.

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Quote from: DaNNy001 on March 26, 2024, 08:02:30 PM

Here is the link from 0.20$ to $70k

No doubt, the power of HODLing/Long-term investment is huge but we should fully understand the asset we are talking about as well. As at then, Bitcoin was so cheap, we should never forget that, such an insane success where $0.2 becomes above $70,000 will never happen again judging by the expensive price it is now and the current market capitalization, or else, Bitcoin will become something else. So, HODLing worked really fine then, but in my view, we may HODL but we should think beyond it now to maximize our gains.

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Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term

This is another good consideration, it's different to have a successful investment, it's another thing you keep the investment safe. Many have lost access to their BTC wallets while others are victims of hacking and other frauds, but this is left to us, we should take our Bitcoin safety seriously.

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Quote from: Nwada001 on September 23, 2024, 05:53:37 PM

You can also add to it by saying that how long someone can be able to hold bitcoin also depends on how much they are earning and how well that earning is able to handle their bills; the higher someone's earning is and how good the person is at maintaining and managing what they have, the longer they can also hold their bitcoin without thinking about touching any bit of it, because it's only when someone runs out of cash and option in most cases that they can consider selling off their holdings since the bitcoin will lay there as a reserve.

You have stated the main problem of holding a coin, if you are joy doing well financially outside crypto space and you invested a couple of bucks and then you probably x10 by your investment, there is no way you wouldn't be tempted to touch that wallet where you save the Bitcoin. You will probably even sell before that x10 because it's like you accomplished money you need and it will be difficult to hold when your problem is eating you up, it will even be easy to convince yourself to sell when the market comes down anytime.

Bitcoin is easy to hold if you are doing well in real life like you have money you are using to pay bills, have money you are using to do everything in life. No matter the profits you make, the loss and the sentiments around Bitcoin, you wouldn't move an eyebrow any time the market is not good, you will not even send the market and your goals will be achieved.

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Quote from: red4slash on September 23, 2024, 04:57:53 PM

Quote from: yudi09 on September 23, 2024, 02:01:32 PM

-snip-

The past and the present will be the same because in the end the benchmark is confidence, when we are sure to be in bitcoin then do it but when we are still not too sure then don't push yourself too much just because of fomo because it also won't be too good for your journey in bitcoin.

There have been so many pieces of advice that have been conveyed that I have read. In several posts that have crossed my reading, some of them are junior members advising higher ranking members, but that is not always bad.
The past is just like a rearview mirror installed in a car to occasionally look back. What is very important is to look forward with full focus so that you can see what is behind the bend ahead.

rhodelmabanal

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I think all of us knows about the power of holding btc, if we look at the past price of btc we can wonder how big the profit of the investor's who buy BTC on it was first traded on the market until now, it cannot be explained if we can all know that bitcoin will reach this far then we hold and we are now millionaires.

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Quote from: Haunebu on September 22, 2024, 08:52:00 AM

HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.

Besides, if someone wants to get big profits, there must be stages, especially if he is able to analyze it before he buys because I assume there are quite a lot of them present now and before and not all assets will provide maximum profit if we choose the wrong one.

I think if we are right and have fulfilled all the elements of the items that need to be seen in seeing the direction and development of the coins/tokens that we buy, I am sure that in just 5 years there will be a big jackpot, especially if you buy early with a fairly large capital for long-term investment as you mentioned above.

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Quote from: adultcrypto on September 23, 2024, 11:18:04 AM

Hodling of Bitcoin is something that comes with planning because it is planning that will make the investoor know what percentage they have to invest in bitcoin after taking care of your needs. I believe that people who struggle to hold bitcoin are those who put money they are supposed to use for other ley things into bitcoin so they need the money back as soon as possible.

You can also add to it by saying that how long someone can be able to hold bitcoin also depends on how much they are earning and how well that earning is able to handle their bills; the higher someone's earning is and how good the person is at maintaining and managing what they have, the longer they can also hold their bitcoin without thinking about touching any bit of it, because it's only when someone runs out of cash and option in most cases that they can consider selling off their holdings since the bitcoin will lay there as a reserve.

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Quote from: yudi09 on September 23, 2024, 02:01:32 PM

The first years I knew Bitcoin, the price was very different compared to the current price. The most basic question that needs to be asked by each person who has known Bitcoin from some side, do they regret not using it at that time and how much knowledge do they have about the price of Bitcoin in the future, at least the duration of time since 2015.

Actually for this matter I don't think we need to re-make a nuance of the past regardless of whether we regret it or not it won't matter now because life is still going on. So when we are really sure about bitcoin then do it without the need to look at the past and regret not doing it before because it will not change the situation.

It is better to start than not at all because after all bitcoin is still something that is very worth it for us to invest in so why are we only focused on the question of whether not to start from the past because after all we will be stuck with that thought.
The past and the present will be the same because in the end the benchmark is confidence, when we are sure to be in bitcoin then do it but when we are still not too sure then don't push yourself too much just because of fomo because it also won't be too good for your journey in bitcoin.

MinoRaiola

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Hodeln is really one of the most relaxing things about owning bitcoin. Of course, there is still some fun to be had with altcoin, but it is a lot more stressful. Swaps/trading/new exchanges/delistings/fees.... a lot of time that you have to invest. But one thing is important to remember, the time that can pass in 10 years, for example, is not something that everyone has. Some people are ill, or become ill within that time and have to make a decision. Or some people want to pass on their wealth because they have enough of it. So time is the most important thing of hodling.

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Quote from: Alone055 on September 21, 2024, 02:58:32 PM

Quote from: yudi09 on September 21, 2024, 02:31:46 PM

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Now compare that with current times. If you hold 1 Bitcoin, and you bought it all for maybe $30k or $40k, holding that for long term can be difficult for you as an investor if you are constantly keeping an eye on the market because when the price falls, you see your portfolio losing a lot of value which is the reason why many people panic sell. They don't understand that the price can recover, all they see is that they are losing money.

The first years I knew Bitcoin, the price was very different compared to the current price. The most basic question that needs to be asked by each person who has known Bitcoin from some side, do they regret not using it at that time and how much knowledge do they have about the price of Bitcoin in the future, at least the duration of time since 2015.

To be honest with myself, I predict that there are people with a hunch in their hearts that there is doubt about the question of what will happen if Bitcoin does not reach the price as predicted.
Actually, for those who understand Bitcoin not only in terms of price, there is no doubt at all even though the price of Bitcoin will not rise higher than the current price.
Therefore, Bitcoin is not always discussed in terms of price.

adultcrypto

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Quote from: Haunebu on September 22, 2024, 08:52:00 AM

HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

It is not anything that answers cryptocurrency that is worth hiding because some of the cryptocurrencies decreases with time until they become completely useless. So when discussing holding, it is better we keep the discussion around bitcoin.

Hodling of Bitcoin is something that comes with planning because it is planning that will make the investoor know what percentage they have to invest in bitcoin after taking care of your needs. I believe that people who struggle to hold bitcoin are those who put money they are supposed to use for other ley things into bitcoin so they need the money back as soon as possible.

Haunebu

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HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.

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Quote from: Phoenixtrader on September 19, 2024, 03:26:36 PM

Quote from: uswa56 on September 19, 2024, 09:41:00 AM

Quote from: HelliumZ on September 17, 2024, 06:58:05 PM

Investors or holders who held bitcoins in 2009/10 and have not sold bitcoins to date can easily understand the importance and power of holding by looking at their wallets. Those who held Bitcoin when it was worth a cent or less are now billionaires. According to experts, the price of Bitcoin will increase in the future. If someone is still holding Bitcoin, he will become a millionaire and billionaire in the future.

Those who have known Bitcoin earlier, of course, they will understand very well that Bitcoin is very good to be used as an investment in the long term and to be able to survive in the long term, of course we must have a fixed income to be able to continue to accumulate Bitcoin assets and hold according to the target they want, but in the process of holding, of course we must use funds that we will not take in the near future in order to be able to make a profit from it because if you use funds that we cannot hold on to in the long term, it will be very difficult to be able to make a profit from it.
If you have believed that Bitcoin will continue to increase in the future, of course there are those who have held the asset well and will also make profits in the future, because it is very unlikely that someone will be able to maintain the asset well if they do not understand well how Bitcoin works.

The truth is Bitcoin favours long term holders. Put 3-5years in mind not 6months.

You should complete at least one full cycle as short-term plans to profit from Bitcoin may be somewhat risky for you. Also if you can complete multiple cycles then more profit is possible. You tend to choose and hold Bitcoin as an investment for the long term which can increase your chances of profit.

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Quote from: SOKO-DEKE on September 22, 2024, 05:37:09 AM

Honestly, long-term is the best way to earn reasonable profits from Bitcoin investment.

Best in many things, best profit, best safety for your fund, and best for your health and life too. Because by investing in Bitcoin, long term, you don't have to care too much about volatility in short term, it means you need less time online, read news, and less be affected mentally with stress, headache. It's best for your health and life as you can have more time to be more active physically and health recommendation is spending less time inactively as possible.

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It is always very hard to make reasonable profits from Bitcoin in a short period, so it is very good if we can hold our Bitcoin investment for at least a period of 5 years or more.

You can make good profit in short term too but it's hard to defend your profit if you always focus on short term. So focus on long term, investment and holding your bitcoin, is best of all the bests.

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Quote from: uswa56 on September 19, 2024, 09:41:00 AM

of course we must have a fixed income to be able to continue to accumulate Bitcoin assets and hold according to the target they want

It is a very good idea for someone to have reliable sources of income if they truly want to enjoy their Bitcoin investment journey. It wouldn't be easy for anyone who doesn't have a stable source of income and involves themselves in Bitcoin investment because, along the way, they may start tampering with their Bitcoin investment. If they are no longer making money from their original income source, it’s very possible that the time they need money may coincide with a drop in Bitcoin prices due to its volatile nature. Therefore, it's very important to have reliable sources of income if we don't want to incur losses in Bitcoin along the way of investing.

Quote from: Phoenixtrader on September 19, 2024, 03:26:36 PM

The truth is Bitcoin favours long term holders. Put 3-5years in mind not 6months.

Honestly, long-term is the best way to earn reasonable profits from Bitcoin investment. It is always very hard to make reasonable profits from Bitcoin in a short period, so it is very good if we can hold our Bitcoin investment for at least a period of 5 years or more. That way, we can witness one or more Bitcoin halvings, which occur every four years, and benefit from the bull run that often follows these halvings. Holding Bitcoin for just a short period is not always profitable, based on the experience of investors. That is why we are always encouraged to try and hold our Bitcoin for a long period of time.

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Quote from: Cantsay on September 21, 2024, 03:54:47 PM

If you’re the type that earn little then make sure you don’t over do the amount you invest because if you end up investing more than you can afford to lose or more than you can spare at that time you’ll only end up tampering with your portfolio in a short period of time.

Agreed. The power of hodling depends on your income because you can't be earning very little and be investing so much into Bitcoin for the purpose of hodling. You won't have the ability to hodl for long, the power of hodling too depends on our discipline because there'll be time you'll get tempted to touch your Bitcoin hodling and it takes discipline to resist spending them. You might have problems too that requires you to use money to take care of and when you don't have enough income, you'll have to make use of the Bitcoin that you have been saving.

Some of the privilege of investing in Bitcoin very early is that it helps you to have the ability to keep hodling because you bought Bitcoin when it was still cheap and you didn't have to use big amount of capital to invest in Bitcoin. Lots of those addresses hodling Bitcoin are long-term holders and they can continue hodling because they don't have any reason to spend the Bitcoin.

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Quote from: DaNNy001 on March 26, 2024, 08:02:30 PM

So I just saw this on platform X and it really got my attention because when I reasoned it, it's actually quite crazy but real too and many Bitcoin HODLers today don't really know the power and benefits behind this particular thought of action.

Here is the link from 0.20$ to $70k

HODLing of Bitcoin is probably the most talk and deliberated matter on the crypto space and even here in the community. And it's funny how many people have turned a blind eye to this and some persons are feeling that Bitcoin price today is too big to buy well the thing is that everytime is a good time to buy, that's if you are a long term holder and I for one, am shocked at seeing how Bitcoin has been held for almost 14 years now although I know they are still some folks still HODLing and even planning to keep for longer terms maybe when Bitcoin reaches $200k to $500k before they actually sell off.

I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.

So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.

Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term

That is some crazy hodling for sure! I simply wonder if this person doesn't actually need the money because when bitcoin reached $10k back in 2017 we would be talking of $20 mln, few weeks later it almost reached $20k, so almost $40 mln, those are crazy amounts of money that can really change your life! I know we'll never have an answer but it would be very cool to know the reason some people hodl even when they could make a crazy amount of money, like to know what type of thinking there is behind this decision.

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Quote from: Cantsay on September 21, 2024, 03:54:47 PM

Quote from: Issa56 on September 21, 2024, 03:29:29 PM

Quote from: uswa56 on September 19, 2024, 09:41:00 AM

of course we must have a fixed income to be able to continue to accumulate Bitcoin assets and hold according to the target they want

I don’t think it’s a must to have a fixed amount of money that we will be using to invest in bitcoin, we don’t have to stress ourselves. The amount which I do use to invest in bitcoin depends on the things that I am supposed to take care of for that particular month, sometimes I do invest much, some times it’s always low, and whenever I have so many things to take care of, I don’t even invest in bitcoin that month.

I guess he meant “steady income” I wouldn’t even advice anyone to have a fixed amount for their investment - you could make it a range but make sure that it doesn’t affect your normal spending, like 10-20% of your free money use it to buy bitcoin and make sure you don’t miss a week (if you’re doing weekly investment) or a month (if you prefer the monthly schedule).

If you’re the type that earn little then make sure you don’t over do the amount you invest because if you end up investing more than you can afford to lose or more than you can spare at that time you’ll only end up tampering with your portfolio in a short period of time.

Accumulating bitcoin will be timed when an investor is being paid monthly or weekly depending on the amount also, the word invest what you can afford to lose is absolutely correct. Knowing the fact bitcoin investment is a long term plan that can take up to 4 or 5 years. If anyone should ask how to invest mostly a low income earner who needs to calculate his/her emergency funds aside before investing for example, an investor should be able to calculate his disposable income in smaller unit either 5% or 10% for investing and emergency.
Investors who commonly use fixed amount prefer the dca strategy that allows steady investing but, we can’t rely on fixed amount always that’s the major reason people prepare to take advantage whenever the price dip.

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Quote from: Issa56 on September 21, 2024, 03:29:29 PM

Quote from: uswa56 on September 19, 2024, 09:41:00 AM

of course we must have a fixed income to be able to continue to accumulate Bitcoin assets and hold according to the target they want

I don’t think it’s a must to have a fixed amount of money that we will be using to invest in bitcoin, we don’t have to stress ourselves. The amount which I do use to invest in bitcoin depends on the things that I am supposed to take care of for that particular month, sometimes I do invest much, some times it’s always low, and whenever I have so many things to take care of, I don’t even invest in bitcoin that month.

I guess he meant “steady income” I wouldn’t even advice anyone to have a fixed amount for their investment - you could make it a range but make sure that it doesn’t affect your normal spending, like 10-20% of your free money use it to buy bitcoin and make sure you don’t miss a week (if you’re doing weekly investment) or a month (if you prefer the monthly schedule).

If you’re the type that earn little then make sure you don’t over do the amount you invest because if you end up investing more than you can afford to lose or more than you can spare at that time you’ll only end up tampering with your portfolio in a short period of time.

Topic: The power of HODLing BTC - page 2. (Read 1688 times)